EUR Trading Outlook (18-08-2015)

EURUSD

Pivot: 1.1125

Likely scenario: Short positions below 1.1125 with targets @ 1.103 & 1.098 in extension.

Alternative scenario: Above 1.1125 look for further upside with 1.1165 & 1.119 as targets.

Comment: The RSI is badly directed.

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